First Trust Advisors LP Acquires 15,756 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Posted by Defense World Staff on May 26th, 2023

First Trust Advisors LP lifted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,993 shares of the restaurant operator’s stock after purchasing an additional 15,756 shares during the period. First Trust Advisors LP owned 0.33% of Cracker Barrel Old Country Store worth $7,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRL. Raymond James & Associates boosted its position in shares of Cracker Barrel Old Country Store by 12.7% during the 1st quarter. Raymond James & Associates now owns 32,445 shares of the restaurant operator’s stock valued at $3,852,000 after purchasing an additional 3,657 shares in the last quarter. US Bancorp DE raised its stake in Cracker Barrel Old Country Store by 31.9% during the 1st quarter. US Bancorp DE now owns 2,489 shares of the restaurant operator’s stock worth $296,000 after buying an additional 602 shares during the period. HighTower Advisors LLC raised its stake in Cracker Barrel Old Country Store by 3.6% during the 1st quarter. HighTower Advisors LLC now owns 6,375 shares of the restaurant operator’s stock worth $761,000 after buying an additional 221 shares during the period. Bank of Montreal Can raised its stake in Cracker Barrel Old Country Store by 7.1% during the 1st quarter. Bank of Montreal Can now owns 5,661 shares of the restaurant operator’s stock worth $674,000 after buying an additional 373 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Cracker Barrel Old Country Store by 40.6% during the 1st quarter. MetLife Investment Management LLC now owns 27,563 shares of the restaurant operator’s stock worth $3,273,000 after buying an additional 7,963 shares during the period. Institutional investors own 87.19% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of CBRL stock opened at $103.60 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.66 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $108.68 and a two-hundred day moving average price of $107.77. Cracker Barrel Old Country Store, Inc. has a 12-month low of $81.87 and a 12-month high of $121.17. The firm has a market cap of $2.29 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 4.37 and a beta of 1.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. Cracker Barrel Old Country Store had a return on equity of 23.55% and a net margin of 3.20%. The firm had revenue of $933.90 million during the quarter, compared to analyst estimates of $917.47 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 5.87 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 9th. Shareholders of record on Friday, April 14th were issued a dividend of $1.30 per share. The ex-dividend date was Thursday, April 13th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.02%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 108.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Cracker Barrel Old Country Store from $100.00 to $110.00 in a research note on Wednesday, March 1st. Citigroup lifted their price target on Cracker Barrel Old Country Store from $90.00 to $92.00 and gave the stock a “sell” rating in a report on Wednesday, March 1st. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Friday, March 24th. StockNews.com assumed coverage on Cracker Barrel Old Country Store in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, CL King lifted their price target on Cracker Barrel Old Country Store from $125.00 to $130.00 in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $109.63.

Cracker Barrel Old Country Store Profile

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Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.